Justice Okeke had on February 15, 2012, ordered that Adeloye be remanded in prison custody pending the hearing of his bail application.
The order followed the not guilty plea by the accused to a five-count charge bordering on conspiracy and illegal transaction of about N14O million without a valid license by the Central Bank of Nigeria.
Adeloye and his company were slammed with a five-count charge by the office of the Inspector General of Police (IGP), on behalf of the Federal Government of Nigeria.
He is also accused of obtaining fraudulently, the sum of N80 million from the chief executive officer of Cross Country Limited, Mr Bube Okorodudu.
In the motion brought under section 167 and 340 (3) of the Criminal Procedure Act CAP C38 Laws of the Federation of Nigeria, 2004 by his counsel, Ebun-Olu Adegboruwa, the applicant is praying the court to quash the five-count charge preferred against him on the ground that the statement of offences did not contain any prima facie evidence.
He said: “The counts and statement of offences contained in the information do not disclose any prima facie case against the accused persons/applicants requiring them to stand trial before this honourable court or any other court of law on the counts described herein.
“That the entire information is an abuse of court process and that the counts in the statement of offences are prejudicial to the accused/applicant’s right to fair hearing.”
According to him, the information on the charges is meant to overreach the accused/applicants pending suit before the court in suit No. FHC/L/CP/307/2011 where A.G Moeller Limited sued Cross Country Limited.
He stated that the complainants in his criminal charge are the respondents in the suit number above which is still pending before the court.
The Court has fixed March 7, 2012 for hearing of bail application.
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